Search Results for: financial crisis
Gold in 2016
January 8th, 2016
Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis ...
Banks Get Relief on Accounting Headache
January 7th, 2016
New treatment to alter lenders’ debt-value adjustments The banking industry’s least-favorite accounting rule is being scrapped. Accounting rule-makers on Tuesday changed a provision that in recent years has resulted in huge—and often head-scratching—swings in bank earnings. James Dimon, J.P. Morgan Chase & ...
7 Percent Crash Causes Emergency Shutdown Of Stock Markets In China For The 2nd Time In 4 Days
January 7th, 2016
Did you see what just happened in China? For the second time in four days, a massive stock market crash has caused an emergency shutdown of the markets in China. On both Monday and Thursday, trading was suspended for ...
RBS closes Luxembourg deal with BlackFin
January 5th, 2016
RBS (Luxembourg), formerly part of the UK’s Royal Bank of Scotland group, has been renamed FundRock Management Company as the sale of it to private equity firm, BlackFin Capital Partners, closes. Royal Bank of Scotland’s trustee and depositary business established RBS ...
New European Union Legislation on Market Abuse enters into force in 2016
January 5th, 2016
The law on market abuse in relation to the trading of financial instruments within the European Union will be completely overhauled in 2016. With effect from 3 July 2016, the previously applicable Market Abuse Directive (MAD) will be replaced ...
Oil prices volatile after Saudi Arabia cuts ties with Iran
January 5th, 2016
Oil prices went on a roller-coaster ride Monday after Saudi Arabia and some of its allies severed diplomatic ties with Iran. The rising tension in the Middle East sent crude prices spiking by nearly 3% in early trade before ...
Cyprus: Haircut battle due to kick off within weeks
January 4th, 2016
A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March 2013 ‘haircut’ against the European Commission and the ...
Single Resolution Mechanism to come into effect for the Banking Union
January 4th, 2016
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) will ...
Global growth will be disappointing in 2016: IMF’s Lagarde
December 30th, 2015
Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director ...
Southeast Asia Launches Huge Trade Bloc
December 30th, 2015
Ten countries formalize their integration efforts in a bid to rebalance regional power and riches Ten Southeast Asian nations start an ambitious, U.S.-backed experiment on Thursday: integrating their economies in a bid to bring more global sway and prosperity ...
